• Refinances and increases existing sustainability-linked revolving credit facility
• Supports delivery of ESB’s Net Zero by 2040 strategy

Dublin, 18 July 2025 

ESB has announced the signing of a new EUR2.4bn credit facility with a group of 15 international banks. The new facility is a five-year syndicated sustainability-linked revolving credit facility (the “new RCF”) and it replaces a EUR1.4bn facility put in place in 2020. The increased size of the facility is to support the significant investment required to deliver ESB’s Net Zero by 2040 strategy. The new RCF will run to July 2030, with options to extend the maturity to July 2032. 

As agreed with the lenders, the new RCF contains specific targets directly linked to ESB’s Net Zero by 2040 strategy and its continued commitment to leading the transition to a reliable, affordable, low-carbon energy future. Specifically, the targets in the new RCF relate to Scope 1, 2 & 3 emissions reductions, the percentage of capital investment aligned with the EU Taxonomy, and gender diversity.  

Anne Marie Kean, ESB’s Group Treasurer said: "We are pleased to announce the successful completion of our recent RCF refinancing, which has upsized our existing facility to EUR2.4bn and gives us access to substantial credit out to 2030. This significant milestone underscores our robust financial strategy and will help give us the financial flexibility to continue to increase investment in the energy infrastructure needed to support our growing economy, meet our customers' needs, and ultimately deliver on our strategy of Net Zero by 2040. We would like to acknowledge the invaluable support of our expanded bank group in delivering this deal and for showing continued confidence in our vision." 

The new RCF is supported by the following 15 banks as Mandated Lead Arrangers and Bookrunners: BNP Paribas S.A. (Dublin Branch), Allied Irish Banks, p.l.c., The Governor and Company of the Bank of Ireland, Barclays Bank PLC, Banco Bilbao Vizcaya Argentaria S.A. (London Branch), Crédit Agricole Corporate and Investment Bank, Danske Bank A/S Irish Branch, HSBC Continental Europe, ING Bank N.V. Dublin Branch, JPMorgan Chase Bank N.A., London Branch, Lloyds Bank plc, MUFG Bank LTD., Royal Bank of Canada, Societe Generale London Branch, SMBC Bank International plc. BNP Paribas acted as Coordinator & Documentation Agent and MUFG Bank and Societe Generale acted as Joint Sustainability Coordinators on the refinancing.  

ENDS/